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Byline: Paul Whitfield
Chipmaker Marvell Technology Group has returned to its 10-week line after breaking out in early November and gaining 26%.
The Sunnyvale, Calif.-based firm completed the acquisition of QLogic's hard-disk drive business in November, and recently announced that it will buy the semiconductor assets of UTStarcom.
Sales have increased from 31% to 61% for at least the past 10 quarters. According to Thomson First Call, earnings per share have grown 55% to 88% over the same periods.
Analysts expect earnings to rise 71% in the fourth quarter ending in January while sales improve 43%.
The Electronics-Semiconductor industry group ranked No. 10 among ...